Instead of defaulting a long time ago (when we first suggested it should) when it could have pulled an Iceland, taken a bitter pill, hyperinflated the drachma and in the process delevered overnight, if at a big social cost of losing its welfare safety net (which it is about to lose anyway courtesy of the PSI and OSI), and not be held captive to bigger geopolitical interests, and hostage to the banker superclass, Greece very likely could have been on the road to recovery now, granted with a totally different political regime. Instead, the political regime is the same, Greece is more in debt than ever before, the economy is in shambles, the banks have seen two straight years of bank runs, and most importantly the people now are poorer and more disenchanted than ever, and as the following story indicates, about to get far angrier than any Syntagma square riot cam

2 comments on ““A group of between 30 and 50 youngsters attacked the house of President Karolos Papoulias.””

I find it quite refreshing to read about young Greeks rebelling against an older corrupt Greek establishment which has blatantly sold their futures out to corrupt financial institutions. It would be easy for young Greeks to become disenchanted with their country’s financial mess and the scurrilous behaviour of Greek politicians who have basically sold their future into debt slavery…These young Greeks have shown self-determination, courage and a political understanding that what’s happening in Greece now is unacceptable to them and their generation and they’re rightfully prepared to fightback to re-establish a future for themselves…They have my full support and admiration.